According to the data, spot Bitcoin ETFs are buying faster than miners can produce.

⚫Since January 2024, U.S. spot Bitcoin ETFs have acquired 529,325 BTC, while only 249,725 BTC have been mined—highlighting a clear supply shortage.

⚫April’s halving reduced mining rewards to 3.125 BTC per block. Historically, each halving cycle has led to an average 350% price increase within a year.